Granite (NYSE: GVA) SVP receives stock awards, surrenders shares for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Granite Construction Inc. Senior Vice President Michael G. Tatusko reported routine equity compensation activity. On March 13, 2026, he acquired grants totaling 13,896 shares of common stock at $0.0000 per share, recorded as stock unit awards under Granite’s 2021 and 2024 equity incentive plans with scheduled vesting.

On March 14, 2026, 880 shares were surrendered at $120.73 per share in tax-withholding dispositions tied to vesting of prior awards, not open-market sales. After these transactions, he holds 42,265.28 shares directly and 5,586.56 shares indirectly through an ESOP position.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Tatusko Michael G

Role Senior Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	371	$120.73	$45K
Tax Withholding	Common Stock	275	$120.73	$33K
Tax Withholding	Common Stock	234	$120.73	$28K
Grant/Award	Common Stock	1,242	$0.00	--
Grant/Award	Common Stock	3,840	$0.00	--
Grant/Award	Common Stock	8,814	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 42,774.28 shares (Direct); Common Stock — 5,586.56 shares (Indirect, By ESOP)

Footnotes (1)

Stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. The stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date. Total adjusted to include dividend equivalents (DEUs: 4 - 10/15/25; 4 - 1/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans since the Reporting Person's last report. Stock units granted pursuant to the Granite Construction Incorporated 2021 Equity Incentive Plan. The stock units vest 100% ten days after the date of grant. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/23). Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/24). Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/25). Adjusted to reflect dividends earned under the dividend reinvestment feature of the ESOP Plan since the Reporting Person's last report.

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Form 4 Insider Transactions: What Each Field Means →

03/17/2026 - 04:36 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tatusko Michael G

(Last)

(First)

(Middle)

585 WEST BEACH STREET

(Street)

WATSONVILLE

95076

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GRANITE CONSTRUCTION INC [ GVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/13/2026		A		1,242⁽¹⁾	A	$0	30,491.28⁽²⁾	D
Common Stock	03/13/2026		A		3,840⁽³⁾	A	$0	34,331.28	D
Common Stock	03/13/2026		A		8,814⁽³⁾	A	$0	43,145.28	D
Common Stock	03/14/2026		F		371⁽⁴⁾	D	$120.73	42,774.28	D
Common Stock	03/14/2026		F		275⁽⁵⁾	D	$120.73	42,499.28	D
Common Stock	03/14/2026		F		234⁽⁶⁾	D	$120.73	42,265.28	D
Common Stock								5,586.56⁽⁷⁾	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. The stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date.

2. Total adjusted to include dividend equivalents (DEUs: 4 - 10/15/25; 4 - 1/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans since the Reporting Person's last report.

3. Stock units granted pursuant to the Granite Construction Incorporated 2021 Equity Incentive Plan. The stock units vest 100% ten days after the date of grant.

4. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/23).

5. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/24).

6. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/25).

7. Adjusted to reflect dividends earned under the dividend reinvestment feature of the ESOP Plan since the Reporting Person's last report.

Remarks:

	/s/ Troy Erickson, attorney-in-fact for Michael G. Tatusko	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Granite Construction (GVA) report for Michael G. Tatusko?

Granite Construction’s Senior Vice President Michael G. Tatusko reported stock unit grants totaling 13,896 common shares and tax-withholding dispositions of 880 shares. These entries reflect equity compensation and related tax payments, rather than open-market buying or selling of Granite Construction stock.

Were the March 2026 Granite (GVA) insider transactions open-market sales?

No, the March 2026 dispositions were tax-withholding events, not open-market sales. Shares were surrendered to cover tax liabilities arising from vesting equity awards, as reflected by transaction code F and footnotes describing shares surrendered for taxes due on March 14, 2026.

How many Granite Construction (GVA) shares does Michael G. Tatusko hold after these Form 4 transactions?

After these transactions, Michael G. Tatusko holds 42,265.28 Granite Construction common shares directly and 5,586.56 shares indirectly through an ESOP position. These holdings figures come from the reported totals following the transactions for direct ownership and the ESOP-related indirect entry.

What equity plans are referenced in the Granite (GVA) Form 4 for Michael G. Tatusko?

The filing references the Granite Construction Incorporated 2024 Equity Incentive Plan and the 2021 Equity Incentive Plan. Footnotes explain that stock units granted under these plans vest either in three equal annual installments or 100% ten days after the grant date, defining award timing.

How many Granite (GVA) shares were surrendered for taxes by Michael G. Tatusko?

A total of 880 common shares were surrendered for taxes at a price of $120.73 per share. Three separate F-code transactions of 371, 275, and 234 shares each were reported, all described in footnotes as shares surrendered for taxes due to vesting on March 14, 2026.